Bank of America Corp DE Has $118,000 Stake in TWFG, Inc. (NASDAQ:TWFG)

Bank of America Corp DE trimmed its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 70.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,834 shares of the company’s stock after selling 8,999 shares during the period. Bank of America Corp DE’s holdings in TWFG were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWFG. Venturi Wealth Management LLC bought a new position in TWFG in the 4th quarter valued at $86,000. Tower Research Capital LLC TRC boosted its position in TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock valued at $100,000 after buying an additional 2,368 shares during the last quarter. Quantbot Technologies LP boosted its position in TWFG by 57.8% in the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock valued at $167,000 after buying an additional 1,981 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in TWFG in the 4th quarter valued at $244,000. Finally, Norges Bank bought a new position in TWFG in the 4th quarter valued at $297,000.

TWFG Stock Up 1.0%

NASDAQ:TWFG opened at $35.30 on Tuesday. TWFG, Inc. has a 12-month low of $21.31 and a 12-month high of $36.85. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.98 billion and a P/E ratio of 3.28. The stock’s fifty day simple moving average is $33.32 and its 200-day simple moving average is $31.31.

Analyst Ratings Changes

TWFG has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price objective on TWFG from $29.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods decreased their price objective on TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on TWFG from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, TWFG presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.71.

TWFG Company Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.